Kris, Taylor and Max are the only three residents in a neighborhood. A public good that would benefit all of them has a one-time installation cost of $900. The value of the public good to each resident is shown in the table below. Any tax plan must be approved by simple majority. ResidentReservation PriceIncomeKris$100$1,000Taylor$200$5,000Max$700$6,000 Suppose that the government knows each resident's reservation price. To collect no more than $900 in tax revenue, each resident should be charged ________ percent of their ________.
A. 90; reservation price
B. 70; reservation price
C. 100; reservation price
D. 20; income
Answer: A
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According to the new growth theory, real GDP per person grows because
A) the retirement age increases. B) the labor force participation rate increases. C) people make choices in pursuit of profits. D) the population increases. E) the government subsidizes firms' research and development.
The concept of holding reserves, such as gold, that are less than the value of the total deposits
A) is known as fractional reserve banking.
B) has been illegal since the passage of the Financial Services Modernization Act of 1999.
C) is known as non-credit banking.
D) None of the above are correct.
If there is a greater degree of economic similarity between the home nation and the base currency nation, the economic stabilization benefit of pegged exchange rates:
A) gets smaller. B) becomes more equal. C) gets larger. D) disappears.
Given the table below, how much does the 13th worker add to total output? 
A. 29 units B. 28 units C. 420 units D. 130 units E. none of the above